Manager, Risk Data & Model Implementation

Eqbank; Toronto; Hybrid; CAD 120,000 - 170,000; Full time

Benefits offered by this job

Competitive discretionary bonus

RRSP match program

Medical, dental, vision, life, anddis.

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation policy

Virtual events

Professional development

Career Development program

Job summary

EQ Bank is seeking a Manager, Risk Data & Model Implementation to support AIRB, ICAAP and IFRS 9 initiatives. You will partner with Model Development, Risk Reporting and IT to translate requirements into production model implementations and robust risk data processes in a hybrid Toronto setting.

This role combines data management, model monitoring and stakeholder collaboration, with a focus on delivering accurate risk insights, testing data, and shaping how risk models are deployed across the

Qualifications

• Degree in Computer Science, Mathematics, Mathematical Finance, Statistics, Engineering, Finance, Economics, or equivalent.
• 2+ years’ experience in risk model development or implementation at other Banks or Fintechs.
• Advanced database and programming skills in object-oriented programming languages (e.g., SQL, Python) and familiarity with Python Flask/FastAPI, Azure Cloud Services.
• Knowledge of Basel AIRB CAR guidelines, OSFI Implementation Notes, and BCBS-239.
• Knowledge of AIRB, IFRS 9, and ICAAP principles.
• Ability to identify and raise key risks, and to provide Senior Management with viable options and recommendations to support effective decisions.
• Solid and proven communication and presentation skills.

Responsibilities

• Understand risk model needs and translate requirements into production model implementation requirements for IT and business units.
• Collaborate with model development, risk reporting, and IT to optimize data-driven risk management.
• Develop model monitoring solution for AIRB/ICAAP/IFRS9 models using Python.
• Document model specifications, production data attestation, and implementation details of AIRB models.
• Conduct thorough testing of development and production data to ensure accuracy.
• Develop API and GUI for the model monitoring framework.
• Work with cross-functional teams to ensure model implementations are correct and reliable.
• Use leading-edge technology to automate model implementation and improve Risk Delivery.
• Support end-to-end testing to ensure data->models->downstream processes flow is accurate.

Skills

SQL

Python

Python Flask/FastAPI

Azure Cloud Services

Risk model development

Model implementation

Communication skills

Education

Degree in Computer Science, Mathematics, Mathematical Finance, Statistics, Engineering, Finance, Economics, or equivalent

Tools

SQL databases

Python Flask

Azure Cloud

Job description

Join a ChallengerAt EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!

The Work

The Manager, Risk Data & Model Implementation (“MDMI”) reports to the Director, Risk Data & Model Implementation (“DRDMI”), and supports the DRDMI, the Director, Risk Data & Model Implementation and other Senior Management concerning all aspects of Enterprise Risk Management (“ERM”) activities within the Bank under the aspects of Model Implementation (“MI”) with the risk management function. The Manager will play a crucial role in supporting the model implementation and riskdelivery, andshape its future in the Bank. With the multidisciplinary nature of this role, the ideal candidate is expected to have a solid understanding of Credit Risk Model development and delivery, data management pipeline and their related technologies. The role will be accountable for delivering implementation specifications and conduct production data assessment for any model implementations for EQB’s Advanced Internal Ratings Based (“AIRB”) approach for Pillar I regulatory capital models, the Internal Capital Adequacy Assessment Process (“ICAAP”) for Pillar II credit risk models, for IFRS 9 provisioning. This role will play a crucial supporting role in building an efficient way to implement risk models and risk reporting data within Equitable Bank.

Model implementation and model monitoring(75%)

• Understand risk model needs and gather detailed requirements for model implementation and model ongoing monitoring. Translate gathered requirements from Model Development and Risk reporting team into production model implementation requirements for IT teams and Business Units teams.
• Work with Model Development, Risk Reporting, and IT to build an efficient model development stream that best supports data driven risk management in the Bank.
• Contribute to the development of Model Monitoring solution used for ongoing monitoring of AIRB/ICAAP/IFRS9 models using python.
• Document model specifications, production data attestation, and implementation details of the AIRB models.
• Conduct thorough testing of development data and production data for model implementation to ensure accuracy and reliability.
• Develop API and in some cases GUI for variousapplicationincluding the model monitoring framework.
• Collaborate with model development, model validation, and IT teams to ensure model implementation is correct and expected.
• Leverage leading-edge technology to automate model implementation to shape the future of Risk Delivery in the Bank
• Support risk models end-to-end testing to ensure the flow between variousapplicationfrom data to models and downstream processes is accurate and flawless.This requires in-depth understanding of the models andabilityto understand various technologies involved.

RiskDataManagement(15%)

• Design, develop, maintain, and run processes to load and transform data from external sources.
• Create,maintainand run the data pipeline to receive data from external data providers and supply data were needed using cutting-edge technologies.
• Prepare summary statistics on external data (e.g., trends, completion rates) for relevant stakeholders such as model development, model validation teams.
• Prepare ad-hoc analysis to support model development e.g., the trend in realized LGD over time.
• Prepare and submit internal default and loss data to GCD.

Client Relationship Management(10%)

• Develop and maintain effective relationships with the model development, model operation, model validation, technology teams, and business units to ensure AIRB program success.
• Escalate difficult or complex project-related client issues to Director, risk data & model implementation, and/or to senior leadership.

• Degree in Computer Science, Mathematics, Mathematical Finance, Statistics, Engineering, Finance, Economics, or equivalent quantitative background.
• 2+ years’ experience in risk model development or implementation at other Banks or Fintechs, with proven expertise in end-to-end risk model lifecycle.
• Advanced database and programming skills in object-oriented programming languages (e.g., SQL, Python Programing) and familiarity with Python Flask/ FastAPI, Azure Cloud Services are required.
• Knowledge of Basel AIRB CAR guidelines, OSFI Implementation Notes, and BCBS-239.
• Knowledge of AIRB, IFRS 9, and ICAAP principles.
• Ability to identify and raise key risks, and to provide Senior Management with viable options and recommendations to support effective decisions.
• Solid and proven communication and presentation skills.

What we offer [For full-time permanent roles]

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.